From the Coats Rose website: (Full article here)
NEW ORLEANS – August 7, 2018 – Coats Rose attorneys Kelly Longwell and Alysse Hollis advised the Leesville Housing Authority (LHA) on the recently completed RAD conversion of the Twin Lakes of Leesville, a four-site development with 194-units. This is the first RAD portfolio conversion in Louisiana and it was the first project in the country to receive a RAD PBV Utility Waiver.
The 14-month renovation led by Executive Director, Barbara Kaveski, partnered with BGC Advantage, led by CEO Holly Knight, to transform the aging public properties into a vibrant and sustainable affordable housing community. The conversion was made possible by securing a complex layering of funding totaling $23,433,133 from multiple sources, including: Enterprise Community Partners, Bellwether Enterprise (RD 538 Loan), PHA funds, Louisiana Housing Corporation HOME Funds, and Tax-Exempt Bonds.